Cabinet clears ₹10,000-cr fund to shield airlines, offset jet fuel price swings

The government has approved a ₹10,000-crore fund to stabilize jet fuel prices for airlines, ensuring that Oil Marketing Companies can maintain consistent Aviation Turbine Fuel (ATF) costs amid volatile global fuel markets. This move aims to protect the aviation industry from the financial strain caused by fluctuating fuel prices, which could otherwise lead to operational disruptions. By mitigating the impact of price swings, the fund is expected to bolster the industry's resilience and support its recovery post-pandemic. This initiative underscores the government's commitment to sustaining key sectors amid economic uncertainties.